2 Bed Flat, Single Let, Gateshead, NE8 1TD, £75,000

Overhill Terrace, Bensham, Gateshead, Tyne And Wear, NE8 1TD - 5 months ago

Leasehold
BTL
ROI: 12%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£42.6K - £145K
Sold Prices/m²£765/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£77,812
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£520 - £3,500

Rent Estimate

£595

Running Costs/mo

£373

Cashflow/mo

£222

Cashflow/yr

£2,660

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £42.6K to £145K, average is £78K. £765/m² to £1.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£80.5K09/230.11 mi34, St Aidans Street, Gateshead, Tyne And Wear NE8 1YA2
£73K10/210.12 mi24, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT2
£42.6K03/210.12 mi36, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT2
£63K12/200.12 mi62, Woodbine Street, Gateshead, Tyne And Wear NE8 1SS2
£98K03/230.16 mi70, Windmill Way, Gateshead, Tyne And Wear NE8 1NU2
£71K09/230.2 mi97, Rectory Road, Gateshead, Tyne And Wear NE8 1XJ2
£95K08/230.21 mi26, Curzon Street, Gateshead, Tyne And Wear NE8 1YD2
£50.5K12/200.24 mi58, Rawling Road, Gateshead, Tyne And Wear NE8 4QR2
£59K11/200.25 mi5, Claremont South Avenue, Gateshead, Tyne And Wear NE8 1RJ2
£70K09/210.25 mi238, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£75K08/210.25 mi244, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£86K01/230.26 mi14, Affleck Street, Gateshead, Tyne And Wear NE8 1QY2
£71.8K11/210.27 mi207, Whitehall Road, Gateshead, Tyne And Wear NE8 4PS2
£64K01/230.29 mi15, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£83K04/240.29 mi10, Saltwell Place, Gateshead, Tyne And Wear NE8 4QY2
£87K11/230.29 mi72, Saltwell Place, Gateshead, Tyne And Wear NE8 4QY2
£62K03/240.3 mi45, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£65K12/200.32 mi82, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NG2
£60K03/210.32 mi239, Whitehall Road, Gateshead, Tyne And Wear NE8 4PT2
£83.3K07/230.32 mi17, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NU2
£62.5K05/210.32 mi52, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£55.5K02/210.32 mi30, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£58.5K03/240.33 mi157, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£73K04/210.33 mi120, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£70K03/230.33 mi169, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£87K12/220.34 mi89, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£88K07/230.34 mi35, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£58.8K03/210.35 mi31, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£58.8K03/210.35 mi29, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£70K03/240.37 mi20, Ripon Street, Gateshead, Tyne And Wear NE8 4EP2
£86K05/230.39 mi26, Hedley Street, Gateshead, Tyne And Wear NE8 4XN2
£97K06/230.4 mi106, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NX2
£140K06/230.41 mi16, Exeter Street, Gateshead, Tyne And Wear NE8 4EY2
£95K10/230.41 mi51, Exeter Street, Gateshead, Tyne And Wear NE8 4EY2
£145K07/230.41 mi42, Exeter Street, Gateshead, Tyne And Wear NE8 4EY2
£91.5K04/240.43 mi123, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NJ2
£79K04/210.43 mi229, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£103K10/200.43 mi291, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£94K05/210.43 mi77, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RT2
£106K06/230.44 mi20, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RX2
£62K12/200.45 mi221, Rawling Road, Gateshead, Tyne And Wear NE8 4QU2
£90K07/210.48 mi169, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR2
£96K11/210.49 mi223, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£101K09/230.49 mi183, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£85K11/210.49 mi163, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£82K07/210.5 mi25, Macadam Street, Gateshead, Tyne And Wear NE8 4TS2
£90K10/210.51 mi76, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£69K04/230.51 mi35, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£55K10/230.51 mi23, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£77K11/200.51 mi78, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2

Local Rents

50 rents from £520/mo to £3.5K/mo, average is £745/mo.

RentDateDistanceAddressBeds 
£3,50003/250.02 mi-2
£72502/250.04 mi-2
£1,85006/240.07 mi-2
£1,85012/240.07 mi-2
£1,75003/250.07 mi-2
£65007/240.08 mi-2
£65007/240.08 miWoodbine Street, Gateshead, NE82
£70001/250.1 mi-2
£1,95006/240.1 mi-2
£1,95007/240.1 mi-2
£1,95001/250.1 mi-2
£1,85002/250.1 mi-2
£1,75003/250.1 mi-2
£69506/240.12 miWoodbine Street, Bensham, Gateshead2
£65007/240.13 miWoodbine Street, Gateshead, NE82
£65006/240.15 miBalfour Street, Gateshead, NE82
£74011/240.16 mi-2
£3,50003/250.16 mi-2
£75006/240.17 miWindmill Way, Gateshead, Tyne and Wear2
£76001/250.18 mi-2
£1,45007/240.2 miOchre Mews, Raven Road, Gateshead, Newcastle upon Tyne2
£59507/230.21 mi-2
£67502/250.21 mi-2
£3,50003/250.22 mi-2
£65007/240.23 mi-2
£59503/250.23 mi-2
£59507/240.23 mi-2
£59503/250.23 mi-2
£62504/240.26 mi-2
£62512/240.26 mi-2
£62502/250.27 mi-2
£57501/250.28 mi-2
£78507/240.28 miAffleck Street, Gateshead, NE82
£78507/240.28 mi-2
£52009/230.28 mi-2
£80005/240.29 mi-2
£75002/250.3 mi-2
£70006/230.3 mi-2
£79506/240.31 miWhitehall Road, Gateshead, NE82
£63011/230.31 mi-2
£85005/230.31 mi-2
£55001/240.32 mi-2
£59003/250.32 mi-2
£85007/240.32 mi183 Rectory Road, Gateshead, Tyne And Wear, NE82
£72507/240.32 miWhitehall Road, Bensham, Gateshead, Tyne And Wear, NE82
£1,10006/240.32 mi-2
£1,05001/250.32 mi-2
£1,01010/230.32 mi-2
£1,15010/240.32 mi-2
£65006/240.33 miWestbourne Avenue, Gateshead2

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £75,000

October 10, 2024

Description

  • NO ONWARD CHAIN +
  • GROUND FLOOR FLAT +
  • TWO BEDROOMS +
  • SHARED REAR YARD +
  • AMPLE ON STREET PARKING +
  • EXCELLENT 1ST TIME PURCHASE +
  • PERFECT ADDITION TO ANY PROPERTY PORTFOLIO +
  • COUNCIL TAX BAND A +

*NO ONWARD CHAIN*
Belle Vue Estates offer to the sales market this deceptively spacious GROUND FLOOR FLAT located within this popular area of Gateshead.
The accommodation benefits from gas central heating and double glazing throughout and offers a great opportunity for any potential buyer to add their own stamp, style and ideas to create a lovely home.

The internal layout briefly comprises entrance lobby, hallway living room, kitchen, bathroom and two bedrooms.
Externally the property has a shared rear yard and there is ample on street parking available to the front elevation.

The area has excellent amenities including a good range of local shops, primary and secondary schools and leisure facilities including Saltwell Park. Good transport links which provide easy access into Gateshead and Newcastle City centre which has a fantastic vibe and offers pubs, restaurants and theatres.

ENTRANCE LOBBY 3' 11" x 3' 2" (1.212m x 0.989m) The accommodation is accessed via a partially glazed UPVC front door which leads into the entrance lobby which has dado rail, fitted carpet and internal door into the hallway.

HALLWAY 11' 2" x 3' 4" (3.423m x 1.028m) The hallway retains the original ornate cornicing, dado rail and is warmed via a central heating radiator. The hall has fitted carpet and benefits from an under stair storage cupboard.

LIVING ROOM 14' 4" x 12' 4" (4.374m x 3.780m) The reception room is located to the rear of the property with a double glazed window overlooking the rear yard. The focal point of the room is a brick fireplace with electric fire. The living room has a central heating radiator, blinds and fitted carpet.

KITCHEN 10' 6" x 7' 1" (3.223m x 2.162m) The kitchen has wall and base beech effect kitchen units with contrasting work surfaces. Space for slot in cooker and free standing fridge freezer. Stainless steel sink and drainer unit and also plumbing for a washing machine. A double glazed window overlooks the rear yard and an external door gives access to the rear elevation. Wall mounted combi boiler, roller blind, fitted carpet and partially tiled walls.

BATHROOM 7' 5" x 5' 1" (2.285m x 1.571m) The bathroom comprises white paneled bath with handheld shower attachment, pedestal hand basin and low level WC. With central heating radiator, extractor fan, fully tiled walls and floor. The bathroom has a PVC ceiling and double glazed window with privacy glass.

BEDROOM ONE 78' 5" x 14' 3" (23.918m x 4.357m) A good size bedroom retaining ornate cornicing and ceiling rose. A double glazed window overlooks the front elevation and the room is warmed via a central heating radiator. With fitted carpet and blinds.

BEDROOM TWO 14' 4" x 7' 3" (4.373m x 2.210m) The second bedroom has neutral décor, fitted carpet and a central heating radiator. A double glazed window offers views over the rear elevation.

EXTERNALLY
Externally the property has a shared rear yard with access to the service lane and there is ample on street parking available to the front elevation.

DISCLAIMER
These details have been prepared by our agency staff using both information provided to us by the vendor and following internal inspection. Please be advised particulars may still be awaiting verification and approval from the vendors and therefore should not be relied for anything other than general information. Fixtures and fittings included are to be agreed with the vendor and any photographs or mention of fitted appliances does not imply they are in working order. Internal measurements are taken as a guide only for prospective purchasers and may not be precise. Please call our office for further detailed information on any points if unclear, in order for us to gain clarification from the vendor.

Agent Details

Belle Vue Estates, Low Fell

0191 625 0195

Next Steps?

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